The Rising Influence of Rising Affluence

[semi_infinite]

Subsea completions and satellite tie-backs have been around a long time. The savings will have to come from better well designs and lengthening the exposure of wellbore to the oil zones (just like long horizontal wells). Shell will try to prove it in Brazil and everybody will watch. I am skeptical because it is hard to hang a hat on any oil price projection that says oil price will be X in 10 years. There are much lower risk places for big oil to survive.

http://www.worldoil.com/news/2017/3/30/wood-mackenzie-some-deepwater-projects-closing-cost-gap-with-tight-oil-plays

http://www.oilsandsmagazine.com/news/2016/11/17/suncor-energy-sees-higher-production-and-lower-costs-in-2017